When you are looking for stock to resell you’ll mostly be contacting wholesale suppliers as they are the most reliable way to find new products. Once you contact a wholesaler you can find out how much a particular product is and even buy it in bulk to hammer down your buying price and to help you make the most profit on resale. But there are some other routes you can explore that could help you find stock at trade prices. Here are some ways to find bargain stock:
Most resellers use eBay to resell their goods but did you know eBay is a great tool for finding products too? Many people take to eBay to sell off unwanted goods, end of season stock or second hand items. There is so much variety on the auction site there really are some bargain purchases to be made. With so much competition for stock on eBay, you need to ensure your bids get noticed and that you secure a purchase if it’s an item you have been watching. So the first thing you should do is ensure you have an account set up on eBay so you can sign in and get bidding immediately. To find a specific product you should make full use of the search boxes on eBay. When people list items (you’ll know this if you currently list items for resell on eBay or similar sites) they use categories and keywords. The category their product is listed in will be general i.e. women’s fashion but the keywords and product description will be much more targeted. For instance, if you are looking to buy a designer coat you may find it after hours of searching through the clothing category. But if you use the search box to search for the particular designer and item of clothing you are looking for you are much more likely to find the product you are searching for. Most people will use the title or product description box to include this information so it’s one of the most reliable ways to search for products. Searching for a product efficiently is vital as on auction sites time is of the essence.
Once you have found a product you need to assess all of the costs including delivery – some items may look like a bargain until a huge delivery charge is whacked onto it so it’s worth researching the details of the advert. You can then start watching the auction.
Watching an auction will allow you to keep track of its progress including the auction finish date and any changes in bids. Before you start bidding on an item you should have a maximum bid in mind – you can even set these on eBay to ensure your bids don’t exceed the figure. If you have found an item you know will resale well, it can be tempting to keep bidding until that item becomes yours. But this can lead to you bidding way over the RRP so know your limits when it comes to bidding. You should look out for local sellers as adverts that say ‘collection only’ usually don’t attract as much competition as adverts that offer delivery. You should watch your bids and remember to log in and bid during the final few minutes – if the price hasn’t exceeded your budget you could well swoop in at the final minute and bag the item. eBay bidding is all about keeping up to date with auctions and being competitive.
Car Boot Sale
It might not sound like it but car boot sales can be full of hidden gems. Most people at car boot sales are there for one reason – to get rid of their ‘junk’ and to make some cash. But one person’s trash is another person’s treasure and the great thing about car boot sales is that people selling goods quite often don’t know the real value of them.
You can buy a scalextric for a few pounds at a car boot sale, a vintage pair of boots for well below their RRP and you could even find collector’s items or furniture that’s worth a lot more than someone’s asking for at a car boot sale.
To maximise your opportunities of finding a bargain at a boot sale you should arrive early to scope out the site and to see what items people are selling. Before you go do some research on typical household items that you might find at a boot sale and gain an idea of their reselling value.
If you spot an item you are interested in you should always start low with your bidding and increase it in increments of 50p to gain the best bargain. If you can’t secure an item at the right price don’t be afraid to leave it and revisit it at the end of the sale. If the item is still there you’ll probably be able to haggle with the seller much more easily.
Check out this video to see what kind of products can be found at a car boot sale.